Outlook 2022: Maritime can decarbonise with methanol
The industry faces challenges in adopting new technologies, but methanol could offer a near-term solution
Methanol is increasingly becoming a viable contributor in shipping’s drive for a clean, sustainable fuel mix. It also provides the experience necessary for the development of stronger marine fuel standards on the journey to decarbonisation. Using methanol produced from natural gas offers a proven reduction of NOx and SOx emissions, and by producing methanol from renewable sources shipping can substantially reduce its greenhouse gas (GHG) emissions. So far, 12 methanol-powered ships are already in operation, with another ten on order. Research is striving to rapidly scale up methanol availability in terms of infrastructure as well as onboard applications and installations. International Marit
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology